EverWest Real Estate Investors Acquires Industrial Property In Pembroke Pines For $58.25M
20351 Sheridan Street, Fort Lauderdale, Florida 33332, United States
$58,250,000
$234/SF
Building Size
248,770 SF
Asset Type
Industrial
Closing
Jan 5, 2022
AI
Located at 20351 Sheridan St. in Pembroke Pines, this industrial property was recently sold in a closed transaction. The property spans a total area of 248,770 square feet, with a price per square foot of $234. The sale was finalized on 01/05/2022.
Summary of transaction details:
- Property Type: Industrial
- Transaction Amount: $58,250,000
- Buyer: EverWest Real Estate Investors - Rick Stone
- Seller: Bang Energy - Jack Owoc
The buyer in this transaction was EverWest Real Estate Investors, represented by Rick Stone. On the other hand, Bang Energy, represented by Jack Owoc, acted as the seller. The property was sold for a total sale price of $58,250,000. This successful deal showcases the active industrial market in Pembroke Pines.
Players
Fort Lauderdale Industrial Market Snapshot
Boundary boundary · Industrial · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
0.27%
Cash-on-Cash
-0.08%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93